7 Best Times to Sell Your Coins in a Bull Run

One of the best skills in crypto is knowing when to sell or exit the market.

This ability separates seasoned investors from emotional traders caught in the whirlwind of speculation and greed.

In a bull run, the market creates an atmosphere of euphoria where prices skyrocket, promising life-changing profits.

Yet, history shows that every bull run has its peak, followed by a steep decline that catches many off guard.

By learning to recognize when to sell, you can lock in significant profits while avoiding the devastating losses of holding assets too long.

As we find ourselves at the onset of a bull run, we believe it’s wise to share some strategies that investors can use to maximize gains while selling their crypto assets, all while avoiding potential pitfalls.

7 Best Strategies to Sell Your Coins in a Bull Run

1. Set Realistic Profit Targets

One of the most effective strategies for navigating a bull run is to set realistic profit targets in advance.

The key here isn’t just identifying a price point but having a clear, actionable plan for when and how to sell once the target is approached.

Many investors get caught up in the euphoria of rising prices, holding on with the hope that their asset will continue to rise.

However, markets are unpredictable. What goes up will eventually come down!

Here is a perfect example of the power of realistic profit targets: During the 2021 bull run, BNB surged from under $50 to a peak of $690 in May.

Investors who set profit targets between $500 and $600 secured over 1,000% ROI, while those holding out for $1,000 saw gains vanish as BNB plummeted below $300 months later.

To avoid disappointment, consider these steps for implementing this strategy:

(a) Create multiple sell targets: Instead of focusing on a single price point, plan to sell portions of your holdings after significant price gains. For example, you could sell 25% of your holdings after a strong and rapid price gain.

This approach helps you lock in profits gradually while still benefiting if the price keeps rising.

(b) Keep an Eye on Market Trends: : If the price is close to your target but showing signs of reversal or a bearish pattern forming on the chart, it’s better to sell slightly below your target than to risk missing the opportunity altogether.

2. Use Dollar-Cost Averaging (DCA) for Exits

Trying to time the absolute peak of a bull run is nearly impossible, which is why dollar-cost averaging (DCA) is such a valuable approach.

Instead of aiming for a single, perfect…